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Archive | December 23rd, 2009

11 billion USD were returned to former investors in Lehman

Lehmans BrothersCourt administrator of failed banking giant Lehman Brothers – PricewaterhouseCoopers (PwC), has reached agreement on a plan to be repaid 11 billion dollars of former investors in Lehman, Air Force forward. By PwC have announced that over 90 percent of the investors whose assets are still frozen in Lehman, have agreed to the deal. PricewaterhouseCoopers responsible for closing operations of Lehman Brothers in Europe. In its bankruptcy in September last year the bank has taken the assets of clients for 32 billion dollars. Since then, 13.3 billion dollars have been returned to investors who are mainly large hedge funds and investment companies.
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Posted in World Finances0 Comments

Companies from the London Stock Exchange gathered a record 82.5 billion pounds

LSEThe Companies listed in the London Stock Exchange (LSE), have gathered a record 82.5 billion pounds (nearly 91.7 billion) from investors in 2009, Air Force forward. By LSE indicate that despite ongoing concerns about the economy investors have benefited from the proposed shares. Total accumulated amount is 16 percent higher than in 2008, but the increase is mostly due to emission rights by the banks. In November, Lloyds Banking Group gained 13.5 billion pounds in the biggest rights issue in the world. The main market, which includes companies from the FTSE 100 index, were recruited over 50 billion pounds of emissions rights. In March, HSBC gained 12.5 billion pounds from its shareholders to avoid taking money from the government. Major programs to raise capital in place and Rio Tinto (7,3 billion pounds) and the company for construction of housing Barratt Developments (over 545 million pounds).
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Posted in European Finances0 Comments


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